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ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Hits New 1-Year Low - Should You Sell?

ChipMOS TECHNOLOGIES logo with Computer and Technology background

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $18.50 and last traded at $18.50, with a volume of 1456 shares. The stock had previously closed at $18.70.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded ChipMOS TECHNOLOGIES from a "hold" rating to a "buy" rating in a report on Thursday.

Read Our Latest Research Report on ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES Trading Down 1.7 %

The company has a market cap of $668.33 million, a price-to-earnings ratio of 12.85 and a beta of 0.86. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49. The business's fifty day simple moving average is $20.84 and its two-hundred day simple moving average is $23.25.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The semiconductor company reported $0.26 EPS for the quarter. ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%. The firm had revenue of $191.70 million for the quarter.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its position in ChipMOS TECHNOLOGIES by 49,831.3% in the 2nd quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company's stock valued at $209,000 after acquiring an additional 7,973 shares during the period. Ballentine Partners LLC increased its holdings in shares of ChipMOS TECHNOLOGIES by 20.2% in the third quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company's stock valued at $364,000 after purchasing an additional 2,611 shares during the period. Caprock Group LLC purchased a new stake in shares of ChipMOS TECHNOLOGIES during the second quarter worth approximately $441,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of ChipMOS TECHNOLOGIES by 4.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company's stock worth $1,431,000 after purchasing an additional 2,319 shares during the period. 7.39% of the stock is owned by institutional investors and hedge funds.

ChipMOS TECHNOLOGIES Company Profile

(Get Free Report)

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, Taiwan, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.

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